Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

02 OCTOBER 2021 AL CIRCLE

AIP takes over Sanjeev Gupta’s Dunkirk aluminium smelter

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France.

AIP takes over Dunkirk aluminium smelter

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On 1st October 2021, American Industrial Partners stated that it had acquired the Alvance smelter in Dunkirk and two other French establishments following Sanjeev Gupta chaired GFG Alliance failed to make payments on outstanding loans. However, in 2021, AIP bought up a portion of the debt at Europe’s largest aluminium smelter, Dunkirk, as well as at an associated mill in Belgium.

Sanjeev Gupta anticipated securing a rescue loan with Anglo-Swiss multinational commodity trader Glencore, which had propounded to refinance the debt across his European aluminium business. The Dunkirk aluminium smelter produces 280,000 tonnes of metal per year.

GFG said: “The group will defend its position and its interests vigorously.”

AIP takes over Dunkirk aluminium smelter

The group also complained in regards to its offerings to repay AIP debt via a committed third-party lender only for the private equity firm to utilize its ‘loan to own model’ to mastermind an asset buyout for that is decumbent of market value.

The mislaying of the French smelter would be a big setback for Sanjeev Gupta who has been floundering to safeguard his metals and mining corporation following the fall-out of his principal lender in March. Now, with the price of aluminium trading 13 years high, the smelter will have produced a profitable source of income.

The Chairman of the GFG Alliance is already in discussions for broad refinancing deals for his remaining establishments, incorporating in Australia and the UK.